View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 10, 2021

Jupiter Power to build six utility-scale battery projects in US

Jupiter Power has announced its plans to build six standalone, utility-scale battery storage projects in the US this year.

By Umesh Ellichipuram

Jupiter Power has announced its plans to build six standalone, utility-scale battery storage projects in the US this year.

Free Report
img

Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

This will include three larger projects, each with a capacity of 200MWh. Three other, smaller projects will bring the combined total up to 652MWh of energy storage capacity. The company expects these to come online in Q3 2021.

Jupiter CEO Andy Bowman said: “Jupiter was founded on the idea that the rapid growth of renewables means not just cleaner energy, more jobs and a stronger tax base for local communities, but also that we must find ways to make intermittent wind and solar power fit better into the power grid, and storage is the way to do this.

“The projects we are announcing today will not only strengthen the grid and provide backup power when needed, but they will also help ensure that the cheapest power available – increasingly wind and solar – can get to market regardless of when and where it is generated.”

Jupiter Power noted that each project will be strategically sited. All the projects will become operational by the third quarter of this year.

Jupiter Power chief operating officer Audrey Fogarty said: “Storage has a unique ability to enhance grid reliability by making power flows more stable during times of rapid supply increases and decreases from wind and solar projects or transmission constraints.

“We have spent a considerable amount of time developing proprietary data-driven approaches around how best to site and operate highly flexible, rapidly acting storage projects within today’s power markets.”

At present, the company is developing storage projects with more than 10GW capacity for construction over 2022-2026 in US markets.

Related Companies

Free Report
img

Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology